Changing World Systems

The model doesn't explain the rise of the BRICs

According to the model peripheral countries cannot develop without outside help

North south pattern began to break down in the 1980s because of;

Rise of Asian Tigers economies that broke free from poverty and underdevelopment

Wallerstein's ideas are partly related to the economic theory of supercycles.

Collapse of the USSR and Eastern European communism in 1990

Rise since 1990 of other major economies i.e. BRICs

Wallerstein's world systems theory views the world as divided into 3 rather than 2; core, semi-periphery and periphery

BRICs/NICs have a chance of further growth

BRICs exploit the periphery's resources

Changing World Systems

Traditional Society - basic, low economy and infrastructure, subsistence agriculture e.g. Molawi

Pre-conditions to take off - start to develop, TNC investment e.g. Ethiopia

Take off - rapid development, industrial manufacturing e.g. Vietnam

Drive to maturity - more developed technology, tertiary service industries e.g. BRICs

High mass consumption - quarternary/tertiary, high standard of living, high income e.g. UK, USA, Japan

Changing World Systems

Content of the notes (5)